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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $142.52
- 3 Days on Market
- MLS # : 14514901
- Updated Date : 02/19/2021 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,964 sqft
- Baths : 2 full
Listing Agent
United Real Estate
Listing Agent's Description
This home sits in a quiet, well-keep neighborhood and only 2 previous owners. This features an inviting living room with good natural light. Dining room flows from kitchen to living room easliy. Split bedrooms design. Primary bedroom and bathroom are a dream. First-time home buyers will love this. Convenient to freeways, shopping and restaurants. The short 15-minute drive to Downtown Fort Worth gives you an easy commute.
SEE MORE
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
PRICE & RENT TRENDS
Neighborhood: Southwest Arlington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest Arlington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$972 |
| Property Tax | -$606 | |
| Property Insurance | -$141 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$52
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$279,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$972
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
5.33
YEARS SAVED
$15,989
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,866
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
6005 Blue Mesa Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,870
- $0.95
-
6104 Castle Creek Road Arlington, TX 1
- 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 1994
LEASED 08/29/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
-
5515 Gateway Lane Arlington, TX 3
- 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,938 Sqft ∙ Built 2002
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,895
- $0.98
-
5501 Leffler Lane Arlington, TX 4
- 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,040 Sqft ∙ Built 2003
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,895
- $0.93
-
5506 Jasper Drive Arlington, TX 5
- 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2002
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,895
- $1.02
PROPERTY LISTING DETAILS
United Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514901
Last Updated: 02/19/2021
